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5 bed flat for sale in Palma de Majorca, Spain, 205 m²

5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 1
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5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 3
5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 4
5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 5
5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 6
5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 7
5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 8
5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 9
5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 10
5 bed flat for sale in Palma de Majorca, Spain, 205 m² - photo 11
Price€1,100,000
TypeFlat
Covered area205 m²
Beds5
Bath4
Rooms6
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Description


Exclusive apartment-penthouse with 5 bedroom and several large terraces situated in a private residential complex in a privileged area of Palma de Mallorca.

The most important thing that attracts thousands of tourists from around the world to the Islands of the Balearic archipelago is magnificent sandy beaches, which are the most environmentally friendly in Europe, warm sea, long period of the bathing season (may to November), a pleasant climate without abrupt temperature changes. Developed infrastructure and facilities, a huge number of entertainment places (cafes, bars, restaurants, night clubs, discos, casinos) make the stay even more alluring. The Balearic Islands are suitable for permanent residence. Regular flights and ferries connect the island with the mainland of Spain.

Mallorca is the largest island of the archipelago. This is an amazing place with diverse nature. Favorable and mild climate of Majorca enjoys warm winters and mild summers without sweltering heat. Deciduous groves, pine forests, mountains and valleys, smooth beaches and rocky coves are a real value of Mallorca.

Palma de Mallorca is the capital of Mallorca, the largest of the Balearic Islands located in the Mediterranean sea, which also includes Menorca, Ibiza and Formentera. The capital Palma de Mallorca is famous for its gastronomy, the diversity in the field of leisure, ports and sea. The international airport is just 8 km from the city centre.

New residential complex located in a privileged area of the capital, 5 minutes from the city centre. Close by are the best colleges of the capital, clean and wide beaches, and sports facilities. The complex opens to the stunning views of Bellver forest and the Burges. The complex covers an area of 3000 m2, with private garden, swimming pools for adults and children, gym and children's Playground. Exclusivity and comfort are the trademark of this complex.

Luxury penthouse area 204,59 m2, features private terraces with a total area of 168 m2. Just 372,59 m2.

The layout is very convenient and thought out: large entrance hall, separate kitchen, fully furnished with pantry and exit onto a spacious terrace, which offers views of the mountains, spacious and bright living-dining room with exit to the open terrace, from which stairs lead to the Solarium area 77,84 m2; 5 bedrooms, 2 bedrooms suites with EN-Suite bathrooms, 1 shared bathroom and 1 WC bathroom with installed plumbing.

The price of the penthouse includes 3 Parking spaces and a storage room with an area of 7.6 m2.

Additional features: high quality finishing and materials.

In addition to this sale there is also 2 penthouses with a similar layout and characteristics.

Luxury accommodation in Palma de Mallorca is the opportunity to live in the heart of the eternal summer, enjoying the sea, sun and the healthy Mediterranean diet.

*Prices are without VAT

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

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Company Representatives
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+34 (931) 720-189
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